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Marcusa: Financial System and “Unknown, Unknown” Global Risks of Fintech & Derivatives

September 27, 2016

Marcusa Discusses the Financial System and “Unknown, Unknown” Global Risks of Fintech and Derivatives at Labex Refi-Stony Brook Conference


New York-based special counsel Fred Marcusa presented on “Fintech, Shadow Banking and the ‘Unknown, Unknown’” at the Labex Refi-Stony Brook Conference on Comparative US and European Financial Regulation on September 7, 2016.

Marcusa discussed how the rise of derivatives and fintech—he had formed AIG Financial Products, whose subsequent misuse  became a major issue in the global financial crisis—led to unregulated “shadow banking” and hedge funds (whose senior personnel he often advises), which has produced increasing risks (of the “unknown, unknown”) to the US and  global economy.  He also discussed the possible impact on the foregoing of the upcoming US elections.

The three-day conference drew a large audience of significant US and European financial regulators, academics and financial industry professionals interested in enhancing communications and coordination between US and European regulators.

» See the event program.

Where & When

September 7, 2016 10:50am

Stony Brook Manhattan

387 Park Avenue South

New York, NY 10016